ARVR vs. TCAI

Last updated Jun 4, 2026

ARVR (First Trust Indxx Metaverse ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. ARVR is passively managed, while TCAI is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. ARVR charges 0.70%/yr vs 0.65%/yr for TCAI.

Performance

ARVR vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Metaverse ETF (ARVR) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARVR achieves a 18.88% return, which is significantly lower than TCAI's 89.63% return.

ARVR

• 1D: -0.64%
• 1M: 11.38%
• YTD: 18.88%
• 6M: 17.88%
• 1Y: 35.02%
• 3Y*: 24.89%
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -0.27%
• 1M: 19.58%
• YTD: 89.63%
• 6M: 85.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARVR vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
ARVR First Trust Indxx Metaverse ETF	18.88%	5.72%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

Correlation

The correlation between ARVR and TCAI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.67

ARVR vs. TCAI - Sectors Allocation Comparison

Sectors	ARVR	TCAI
Technology	43.8%	44.0%
Communication Services	10.4%	1.1%
Healthcare	2.1%	-
Industrials	1.1%	29.9%
Basic Materials	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	-
Energy	-	6.1%
Financial Services	-	6.4%
Real Estate	-	0.6%
Utilities	-	11.1%

Return for Risk

ARVR vs. TCAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARVR

ARVR Risk / Return Rank: 47
ARVR Sharpe Ratio Rank: 54
ARVR Sortino Ratio Rank: 50
ARVR Omega Ratio Rank: 51
ARVR Calmar Ratio Rank: 40
ARVR Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARVR vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and Tortoise AI Infrastructure ETF (TCAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARVR	TCAI	Difference
Sharpe ratio Return per unit of total volatility	1.82	—	—
Sortino ratio Return per unit of downside risk	2.44	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	1.98	—	—
Martin ratio Return relative to average drawdown	6.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ARVR	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	4.61	-3.82

Drawdowns

ARVR vs. TCAI - Drawdown Comparison

The maximum ARVR drawdown since its inception was -26.25%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for ARVR and TCAI.

Drawdown Indicators

	ARVR	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-26.25%	-15.80%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.27%	-0.37%
Average Drawdown Average peak-to-trough decline	-5.85%	-3.43%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	—	—

Volatility

Volatility by Period

	ARVR	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	35.82%	-16.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	35.82%	-12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	35.82%	-12.38%

ARVR vs. TCAI - Expense Ratio Comparison

ARVR has a 0.70% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

ARVR vs. TCAI - Dividend Comparison

ARVR's dividend yield for the trailing twelve months is around 0.45%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022
ARVR First Trust Indxx Metaverse ETF	0.45%	0.53%	0.81%	0.11%	0.27%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARVR and TCAI in my portfolio?

ARVR and TCAI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARVR or TCAI?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARVR or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.70% for ARVR.

Which ETF pays a higher dividend yield, ARVR or TCAI?

ARVR has the higher dividend yield at 0.45%, compared with 0.03% for TCAI.

What is the main difference between ARVR and TCAI?

They also come from different issuers: First Trust and Tortoise. Their fees differ too: 0.70% for ARVR and 0.65% for TCAI.